Research On The Value Evaluation Of Private Equity In China From The Perspective Of New Three - Board

Private Equity (PE) investment organization is the hotbed of innovative pioneering enterprise, the link of the financial and the substantial economy and the assistor of the development of the real economy. On account of the special construction and the profit beyond the reach of the standard, private equity investment organizations fail to access to the A share market. Meanwhile, national equities exchanges and quotations gives PE investment organizations an opportunity. Apr.23th,2014, Jiuding Capital became the first PE investment organization landing on the NEEQ officially. At the same time, approved by the NEEQ, Jiuding Capital issued 579,8000 stocks at the price of 610 yuan to oriented investors, and set the new records of the financing scale up to 3557 million. Later, numerous well-known domestic PE investment organizations intended to land on the NEEQ. However, the snake in the grass appeared with the large-scale financing. Dec.25,2015, China Securities Regulatory Commission announced to suspend the public listing and financing, and to investigate the financing in the earlier stage.At present, the amount of the research about PE investment organizations is deficient, and the traditional assessment method of enterprises is inappropriate to PE investment organizations. In this paper, we lucubrate the valuation method and the mode of the operation of the PE investment organizations on the basis of the experience of domestic and overseas. This paper is trying to give a specific implement method about PE investment organizations in the environment, in which PE investment organizations plan to land on the NEEQ one after another. This article is in order to get close to the core of the PE funds, and to give a direct appraisement to investors, administrators, regulators, and market participants to make their own decisions.